CME Group will launch new reference rates and real-time indices for XRP, sparking speculation about an XRP ETF.
The ongoing SEC vs. Ripple case impacts the future of XRP, with investors awaiting the final verdict.
CME Group, the world’s largest derivatives exchange, announced it is introducing new reference rates and real-time indices for Ripple’s XRP and the Internet Computer (ICP). As highlighted in our previous article, this new update will go live on July 29th. This has also raised questions on whether this could be the start of the long-awaited XRP exchange-traded fund (ETF).
Big #Ripple news from CME Group! Starting July 29, transparent pricing for CME CF Internet Computer-Dollar and #XRP-Dollar Reference Rates will be available. pic.twitter.com/LRQdI3IJxD
— Collin Brown (@CollinBrownXRP) July 11, 2024
The announcement from the CME Group has boosted expectations of the possibility of an XRP ETF launch. Bloomberg ETF analyst James Seyffart said that the ETF for Rippl
